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CNBC
Oct 9, 2012 7:00pm EDT
jennifer ruber and stephen law. jen, i go to you first. really, if you can't cut a little pbs, what can you you cut. this is going to kill obama. >> it drives people back to that debate. rox knee couldn't get a better person to run. and i think they are convinced that they can still. destroy romney. i don't think that is possible after 70 million people see it directly and make an assessment of this guy. and they have another week before the presidential debate while public opinion sets in. he is pumped up and i'll have it written up tomorrow. he sounds poised and focused and i think the president is in a little bit of trouble. >> first of all, saesame street wants the add pulled and third of all, the thing that troubles me, he will not face the press. not once after the bengazi ca tr catastrophy. >> as far as big bird, it was fun and it made a good point. if more children had been educated by that program in their early years. i think the add is over the top in many ways and plus, if you are going to do it, get it first. but look, i agree with jennifer, i think the president should piv
CNBC
Oct 8, 2012 7:00pm EDT
very challenging. in fact, we have an emergency manager law used, but when it's used it's a major help to prevent bankruptcies and other challenges. that's also on the ballot. this would override that and leave us in a spot where communities might have bankruptcy as an option, and that's a very bad answer. >> governor, let me just ask you, what are the mechanics of this thing? in other words, if they get collective bargaining as a matter of state constitutional rights, does that undo all of your reforms as you call it to the michigan comeback? does that give the unions power even over the state legislature? is it that bad? >> it would in many aspects take us back in time and give a lot of power to unions in terms of the negotiating process and really wipe out a lot of benefits we have. we're the comeback state. we've gone through tough recessions before. we need to keep going. that's where i encourage our citizens to get out there look at the details of this and vote no on proposal two. >> will this bring out a bigger turnout? i've seen recent polls that show the state of michigan
CNBC
Oct 10, 2012 2:00pm EDT
employees are part-time but under the health care law, if they work more than 30 hours a week they're considered full time triggering benefit requirements or penalties. darden is experimenting with boof boosting part-time hires while limiting their hours. >> the law was written in such a way that it lowers the threshold down to 30. it really applies to many more employees who are actually part-time. that's where the real rubber meets the road. >> he says it is not just a problem for restaurants. it is also for other part-time businesses like retailers. a survey found two-thirds of retailers in fact are looking at limiting hours to avoid penalties under obama care. mercer says because of the individual mandate, employers expect that workers who typically opt out of coverage will now opt in. they're trying to figure out what it is going to cost them and what the new variables are. >> this is just another twist in the tale that we always tell when we get a big number. for example, 200,000 jobs are created. you have to say the devil is in the details. are those jobs great or part-time job
CNBC
Oct 8, 2012 2:00pm EDT
them have helped draft laws that help their companies or industries. voters are talking more and more about crony capitalism. to be fair, members of congress aren't doing as well as the rest of the millionaires. there are fewer millionaires in congress than there were eight years ago and 1 in 5 is worth less than they were in 2006. steny hoyer, for instance, lost 97% of his wealth even as his power in d.c. was growing. american millionaires have gotten most of their wealth back and the population of millionaires is also back. i should also add that many members of congress are wealthy because they started companies before joining politics. and to be fair, many of their spouses also made a lot of money and have little to do with politics. still, many say the laws in d.c. need to be tighter to prevent the rich and powerful from getting even more rich. >> there is a reason why 7 of america's 10 weltiest counties are now in the halo of washington, d.c. but what do we know the line between absolute ethical violation and just good timing really? >> right now the laws are really about d
CNBC
Oct 10, 2012 1:00pm EDT
, not like these other laws set up where "you shall be cyber secure, and if you're not we're going to come after you." we need their help. the cia, nsa, department of defense, they actually know what these attacks are at the border sometimes and we don't. so business is going to have to work together in this protect the american public so we can stop cyber crime. but it is a big deal, it is going to get worse. computers in ten years are going to be 100,000 times faster and so they'll be able to do calculations quicker and get through quicker. we're going to have to meet that in every way, shape or form. believe me -- banks i think are pretty good at this. we've been doing this a long time and there are rules and regulations and -- but we have to really stay in front of it. how many of you are worried about that? don't think of just the cyber security coming over the internet to you. like everything we do, we do authenticate you. we know more about that stuff than some you think. think about the person that joins your company from inside. that's where you're going to get it. >> thank y
CNBC
Oct 8, 2012 4:00pm EDT
being employees of the communist party. in fact, that's not the case. enterprise law in china requires a kfc china or walmart china or cisco china or hauwei to allow for the existence of a communist party committee within the organization. hauwei, like these other companies, allows for that existence. the communist party committee doesn't have any interaction with or influence on our business operations. >> but it's alleged by our investigators that the company did not cooperate at all with the investigation. is that true? and if so, why not? if there's nothing to hide, if the company did nothing wrong, why not cooperate? >> oh, that's a great point. the company cooperated immensely. we hosted the staff in washington in december and then in china in february and members and staff in hong kong in may, with our ceo. we responded to multiple ent interrogatories, delivered reams and reams of paper. while we were with transparency and good faith, we got a book-long press release that launched the investigation last november. >> they go into quite a lot of detail in the report itself, and a
CNBC
Oct 12, 2012 2:00pm EDT
generally prohibited under the law with a few exceptions -- to canada. for decades the u.s. has banned nearly all exports of american crude with just a few things where you can do it. -- when you're putting it by rail over the border into canada, when you're shipping it to canada. as a result, the proportion of u.s. crude that's exported is a pittance, less than 100,000 barrels per day compared to the 9 million that we import. but now it appears that several international oil companies -- bp, shell and vitale as well, will soon export to canada. at least one other foreign oil traders was granted to license last year and i'm told there may be more to come. the desire to export more crude is a direct result of the oil rush occurring at home where imports have fallen 33% in recent years. if the ban on crude exports is relaxed, it could be a very bullish for wti crude prices which have sagged this year compared to the world benchmark which is brent. this past summer in fact the volume of brent futures traded exceeded that for the first time that of wti for the first time. oil isn't moving
CNBC
Oct 12, 2012 6:00pm EDT
. >>> coming up, lift off. this cloud soared to the sky, but will the laws of graf trooe bring it back to earth? or will it continue to fly? get cramer's take. >>> next dissecting the debate and detecting the vp candidate you should trust. larry calls in the man who helps the cia do what they do best. read the signs and spot the lies. "the kudlow report" next on cnbc. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service st
CNBC
Oct 10, 2012 3:00pm EDT
thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are going to be head winds for the market. i think, you know, overall when you do have a lot of this uncertainty about how are my investments going to be treated, i think you can see a lot of people just start to pull money off the table, except maybe where you see companies that are actually showing some enthusiasm that we see a possible pattern. >> if i could point out the alternatives here, guys. we didn't talk about buying back stock. there's evidence that may be a very effective investment strategy as well. i know this has been a big play this year, but companies have been buying back a lot of stock. >> another usage of cash. >> can i add one thing? there's usually various things you can do with cash. you can pay dividends. you can do capital expenditures. you can buy back shares. or you can do mergers and acquisition. we know corporations are boarding cash. that does suggest th
CNBC
Oct 12, 2012 7:00pm EDT
private sector, current law prohibits him from doing that and part of the new legislation will allow him to share that threat information to allow us to better protect ourselves in corporate america. >> do we need legislation which the business groups say would be very costly? do we actually need legislation or can this be done through some private consortium is of information sharing? ? no, it can't, because what we've seen so far is all of the efforts for voluntary action have fallen short. what secretary panetta said in a pre-9/11 environment we had warning to do something. he's pointing to cyberspace right now in that same way. remember, larry, i was there, and i saw those warnings and the cyberspace were in the same space. nbc news terrorism analyst, thank for helping us out. ? you bet. up, in, mitt romney won last week's debate big time. he became a game changer. what's the case he made to reelect barack obama? no one seems to know that including obama himself. that's next on "the kudlow report." ♪ [ male announcer ] the first look...is only the beginning. ♪ ♪ introducing a s
CNBC
Oct 12, 2012 11:00pm EDT
with an ipo today. will the laws of gravity soon bring its stock back down to earth? or can it continue to fly? get cramer's take. you. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >> sometimes when you get it right, it doesn't matter. this morning a stock on the michelle public offering price the add $28 per share by morgan and goldman and opened as high as $48. it was incredible. 48 like that. that's 40 times sales. not 40 times earnings. 40 times sales. that makes it the single most richly valued company i follow. $7.5 million with no earnings. it's spending aggressively. you tend to save 50 cents on every dollar that you spend. by putting their data in the cloud. you think the whole thing is absurd. it's so overvalued it will take your breath away. it's as if we had gone in the way back machine to the dot com bomb blast. here's a shocke
CNBC
Oct 9, 2012 2:00pm EDT
pass a law forcing banks to reduce the amount owed on mortgages. are we in the same spot in joining us with the president of team investments, tanya macyo. and new face to cnbc, welcome the u.s. economiest at b and b par rag way. good to have you on the show. thank you very much. like to get to you, first of all, you do not believe in further u.s. government intervention in the housing market but do believe putting the onus on the banks. >> i absolutely do the taxpayers billed out the bank $14 trillion. the banks are sitting on $1.64 trillion of reserves. i think it's time that the banks taken responsibility and truly help the homeowners that should be helped. not every homeowner should you can helped. truly upside down and can't afford their home, better to short sale, get out, foreclose, doesn't matter, get out of that bad situation, but people that are in their homes, that principal reduction could truly help and not only will it help the homeowner, it will truly help economy and act like a stimulus package. >> yelena, do you believe as well it up to the banks and not the government
CNBC
Oct 12, 2012 4:00pm EDT
guys collaborate great. we, on our side, are currently impeded by all sorts of laws, regulations that are built for an analog world that we need to break down. the rogers bill goes a long way towards doing that. i think that there's a lot of investment we could unleash in this space. we have to get out some of the regulatory underbrush that currently exists. >> all right. you heard it first here, folks. something we'll probably be talking about in the weeks and months to come. thank you both for joining us. appreciate it. >> you bet. >>> money spinner or money burner? amazon's billionaire ceo says the online retailer sells its kindle e-readers at cost. we're going to debate whether that's a smart strategy on the other side of the break. >>> and from one billionaire to another. >> let's say if i wanted to buy something like the los angeles lakers, i could go buy the los angeles lakers. they're not for sale. >> but you'd like to buy them? >> oh, sure. i'd love to buy the lakers. >> was the dye already cast there? larry ellison speaking about liking the lakers just a couple weeks ago. tu
CNBC
Oct 9, 2012 1:00pm EDT
. >> about the ecb gives back the cash, the german government pay backed ecb. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were posing the question that the greece certain lives the story of the day today with the protests, with ms. merkel going to greece, but spain really is what we need to be focused more on. do you agree with that? >> much bigger, much bigger in size. greece, in the end, is the bigger pictures that we see on television, but when it comes to the actual amount of money, the european union could actually handle that cost. spain is much, much bigger. >> thank you, michelle. simon, over to you. >> also watching, as you will be aware, sue, apple, very closely today. shares offici
CNBC
Oct 9, 2012 9:00am EDT
something. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about china is it is more complicated that it seems. >> finally, a couple interesting notes on banks, david, the makenzie report saying the business model will provide sustainable profits and there's a poll of bankser who believe their numbers will get better, not worse. >> optimism never dies when it comes to people's pay. you look around them to see everything falling down but i was a star. i served to get paid well. we talked a lot about it. i think when you talk to the executives who run many of the global institutions, it is coming down in a true way. it's a seminole change in terms of ways they pay people. better that you get p
CNBC
Oct 8, 2012 6:00am EDT
made by the companies and they may have violated some u.s. laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying -- >> 54-45. >> comfortable election victory that could extend his rule to 20 years. the next election isn't officially for six years but you had tens of thousands of ecstatic supporters flooding the streets around the presidential palace in downtown caracas, pumped their fists in the air and started shouting chavez's name. enrique capriles, he was beat by more than nine points. it will extend a wave of nationalizations and continue his support for left wing allies. we've heard how important this is for cuba, he has billions at his fingertips because of the oil produced there. this is th
CNBC
Oct 8, 2012 1:00pm EDT
? >> well, they are recommending -- of course they are sending this report to various law enforcement agencies. they claim, at least, that huawei may be in violation of certain laws. we'll see. again there is a great deal of conjecture in today's report but you you need to sort of connect the dots to really get to the final conclusion that says, hey, these guys are really bad guys. that being said, it's a huge issue between the united states and china. not that we don't have many of them. we also talked to chairman rogers about that as well this morning. they are, as we all know, one of the largest holders of our debt. they are one of our largest trading partners. but this is an issue that many feel need to be elevated to that same level of importance when we talk to chinese leaders. >> david, thank you so much. bob, down to you. >>> there are several big american tech companies who are watching this showdown very closely with china. tech correspondent jon fortt in silicon valley looking at which companies stand to win and lose in all this. >> bob, the biggest, most obvious winner her
CNBC
Oct 13, 2012 4:00am EDT
soared to the sky, but will the laws of gravity bring it back to earth? or will it continue to fly? get cramer's take. >>> sometimes even when you get it right, it doesn't matter. the stock of initial public organization, work day, a cloud based company, opened at its highest $14. just like that. four times sales. not 40 times, 4 times sales. the cycle most richly valued company i follow. it is spending aggressively, taking a share in the cloud space. hire work day, and taking out costs that are largely related to personnel and human resources and hardware and storage expenses by putting data in the cloud. the whole thing is absurd. the stock is so overvalued. it's as if we went back in the way back machine. in the epicenter of the dot-com bust. we shouldn't blame management or the underwriters for this travesty of evaluation. this was no facebook. they really did everything right, these guys. management didn't choose to sell, and the insiders bought on the deal. morgan stanley and goldman sachs nor management raised the price anywhere near where the demand was. so as not to be too gree
CNBC
Oct 9, 2012 11:00pm EDT
can use the word healthy in our name, all law healthy choice. we've been able to get those numbers from a nutrition standpoint to a place that offers a very strong nutritional package, and still maintain the taste, thanks to a very strong are and d. team, both what they do from a flavor replacement standpoint as well as the packaging technologies that we've employed. so that enables us to deliver great taste and great nutrition at the same time. those are both great innovations, those two new products you mentioned. >> while the brand has been around for sometime, has it been gaining steam as people get more aware of what they put in their bodies, often determines how obese they might be, what their heart condition might be like on what cholesterol is like? are these resonant themes among the people who are buying stuff? >> it's been a tough economic environment for all of us. so we have been doing pretty well from a marketshare standpoint and it's really based on the innovations that we've delivered. we've brought some things to the marketplace that have markedly improved the qual
CNBC
Oct 8, 2012 3:00pm EDT
queen of spain. more fundamental it lays the track of what u.s. is all about. the rule of law, the free market system, even with all the blemishes of the last few years, and then the ability to succeed and the vision of columbus and what we're doing here with this parade is to raise millions of dollars, which we do every year, and give it back to individuals that want to have an equal opportunity through school. we give that money to students, thousands of them, maria, and that's why i'm doing this. i want to continue to help contribute. >> you constantly give back. the money raised, $2 million for scholarships for students, for grammar school, high school, college. were you -- were you on the phone at all? were you checking in with the office? i mean, the market is open. you've got $36 billion in assets under management. how did you take the day off? >> it's never too late to give, so everyone that's listening today, you know, take some of that capital gains and give it to a charity you like and make sure it's focused on education and whatever else you're passionate about. that's
CNBC
Oct 11, 2012 6:00am EDT
points and i wonder if there's a law of diminishing returns but we're going to go here anyway and i'll start with what roger altman just said was that mr. biden needs to point out that 99% of the romney positions changed at the time of the first debate. now is that accurate in your view? >> no. listen, i don't know where this stuff's coming from. i've been on the road with governor romney. i've been watching all of these speeches. i know what his positions are. i've heard about governor romney and paul ryan have been talking about their five-point plan for months, education, energy, trade agreements, debts, deficits, small business. i mean the reason i can rattle them off isn't because i'm studying them on a piece of paper. i've heard them talk about this for a long time, and as far as this sort of, you know, transformational story that's out there, it just isn't true. he is who he is and he's been that person the entire time and what you saw on the debate at least last week were two guys that were unfiltered. the american people got to see that for the first time, and i think they lik
CNBC
Oct 11, 2012 4:00am EDT
china to law the renminbi to appreciate. what impact does that have? >> well, it's a step in the right direction. not with the tensions across north of asia. and again indication of that fwchlt dp growth in china is not going as they would like to. and i don't know if this is going to continue. >> marco, thanks very much for your time this morning. >>> meanwhile, just over an hour and ten minutes or so into the trading day. european stocks down, well, pretty level pegging actually if you take a look at it between advancers and decliners. yesterday around about half percent losses. right now ftse 100 up 11 points. cac 40 up mildly. ibex interestingly enough is down this morning as you you might expect around about a percent. let's take a look at spanish yields. they're nudging back up towards 6%. 5.92%. we talked the italian auction coming up this morning, too, up to 6 billion of 2015 btps. we'll show where you we trade on that. currently at 3%. those results around 10:00 london time. 11 cet. >> as far as currency markets, certainly there was an impact on the u.s. dollar, but 1.28
CNBC
Oct 9, 2012 4:00am EDT
countries are under beijing control and pose threats to national security. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for asia pacific. dean, are these concerns the u.s. is raising valid? >> well, i think some of them are. if you looked at the report, there were a number of issues that were raised. ip loss, protection of intellectual property, trading with sanction country including iran, business practices. but really the one underlying all of this explicit or otherwise, implicit, is the security of the actual systems that wow way or zte might be selling in to the united states. and that really comes back to a trust factor and transparency of the o
CNBC
Oct 8, 2012 9:00am EDT
made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it's not just in technology. it's in othe
CNBC
Oct 14, 2012 7:30pm EDT
. well, the irrational mutual assured destruction is what we now have in law where we are cutting defense, we are cutting things like biomedical research with an ax. it makes absolutely no sense, no person who thought about these things would agree with it but that's where we are. >> one thing i think the president has been unable to do is lead these two groups together. because you can't constantly sit there and watch everybody fighting. what about all the people hanging in the balance? >> i asked the president about this. he says he blames the republicans and so forth. >> they blame him. >> there's blame to go around. there's no question. but, this is so important. this is like fighting a war. you need bipartisan approach and fighting the war is painful and expensive and doing these things is going to be painful. you asked the right question about the average person out there who has a house, investments, a bank account, anything of value. it's all put in jeopardy because we can't bring some order to the federal house of our money and it's troubling and sad. >> when i speak to ceos, the
CNBC
Oct 9, 2012 3:00pm EDT
insurance. under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are threatening wall street's comeback these days. plus, speaking of which, nearly half of all wall streeters are expecting a bigger bonus this year. will they get it in and more importantly, do they deserve it? that debate is coming up. and from bull market speed bump to chaos. breaking out at a bull fight in colombia. we're just wondering, is this scene a preview of what may be coming to our stock market? tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#:
CNBC
Oct 11, 2012 2:00pm EDT
whether it comes to gas prices, it seems california doesn't understand the simple law of supply and demand. no new refineries in decades. no new pipelines into offshore drilling all because of california's tough environmental policies. so are the environmentalists to blame for higher gas prices or not? we're going to ask one coming up. >>> a lower unemployment rate among workers 55 and older slows that boomers have fared better than others during these rough economic times. that has fueled speculation that delayed retirement keeps jobs away from young workers who face higher unemployment. is it true? a new study's findings may surprise you. that's next when we return. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with
CNBC
Oct 11, 2012 5:00pm EDT
going to help somebody else, i always want to get involved. i'm riding in "law and order" and i'm like, dude, you're in a bentley. calm down, there's people really dealing with issues. so any chance i can, and plus it has to do with music, so i had to be there. >> right. and, tim, this is how many years now you've been playing with jam partners? >> this is my sixth year. and what's great about this event is because, first of all, id never get to play the venues i'd get to play. ice doesn't know it, but he's going to be playing with us tonight. it's a cause where you're seeing immediate impacts. i mean, they -- getting a prosthetic limb is making it happen. you're seeing children's lives changed. there's a lot of people on wall street that have been involved in this for a long time. it's an exciting charity, it's a great night of music, it's a great night to give something back. >> are you looking also for maybe some backers to help you with your watch business? >> no, i'm going to go in there and rub shoulders, that doesn't really matter. it's just -- it's just -- there's also this mis
CNBC
Oct 9, 2012 6:00am EDT
bit of the law saying they have to get it done. here she arrives at the parliament. let's show you some video. there's been a lot of anti-german sent nimt greeiment. i find this emotionally disturbing, i look people dressed at nazis with the nazi flag, the hitler salute going through the square to protest. >> wow. >> angela merkel and her arrival there. i want to bring in nigel farage, one of the biggest euro skeptics out there, the founding member of the uk independence party and member of the european parliament a representative of the uk. >> good morning. >> what do you think when you see the pictures on the ground in greece? >> i just think this european project which if you remember was designed after world war ii to bring europe closer together to make us all love each other and look what it's doing. it's actually making the north and the south of europe hate each other. yes you've got those people dressed up in nazi uniforms, in athens but don't forget the tabloid press in germany are writing every day the greeks are usele useless, lazy and they're not worthy of their money.
CNBC
Oct 12, 2012 6:00am EDT
california law with the help of the trial lawyers so that if they make a mistake in servicing your loan you can sue them, and they have to pay for the litigation, by the way, the defendant has to pay legal expenses. this is common in california. >> so california is a big marketplace. >> i think it's very interesting. the u.s. government's already looking at having different servicing fees for different states, for example, judicial state where you can't foreclose. well that problem is the same for fannie and freddie as it is for a bank and if they can't get a hold of collateral on a loan, do you want to write production in that state, do you want to have different servicing fees and california is a nightmare. most people in the industry today do not understand what she's done. let me give you another example. say you get foreclosed in california. year goes by, house prices go up, you as the former debtor go back and sue the lender for personal injury under california law and most banks do not understand this. >> one comment the cfo at wells fargo tim sloan made comments. he pointed out
CNBC
Oct 10, 2012 9:00am EDT
backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. so go to legalzoom.com today and see for yourself. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. >>> welcome back to "squawk on the street." the market flash, let's talk low slung jeans and colorful pockets last. true religion, that company is spiking today. it's not earnings, it is a possible sale of the company, guys, that stock has been way down the last couple of months. sales have been slowing down. the company saying it may put itself up for sale and it has received some int
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